The Tax Cuts and Jobs Act: Extensions
As the first tax deadline of the year quickly approaches, we are still awaiting IRS guidance to clarify various tax law changes that were passed under the Tax Cuts and Jobs Act in December 2017. We are recommending all businesses and business owners file an extension of time to file for the 3/15/2019 and 4/15/2019 […]
The Tax Cuts and Jobs Act: Employee Parking
The Tax Cuts and Jobs Act has unleashed yet another disallowance. Under §274(a)(4), employers are no longer allowed to deduct the costs paid or incurred to provide employee parking after December 31, 2017. Examples of employee parking that will be impacted by this rule include, but are not limited to, the following: Parking is provided […]
2019 Federal Tax Return Due Dates for Tax Year 2018
Tax Season has arrived! The IRS opened the 2019 tax filing season this week and they began accepting and processing federal tax returns for the 2018 tax year. As tax season kicks into high gear, here is a listing of important filing due dates and extended due dates. Please click here for full list of […]
Updates on Tax Reform Guidance on Qualified Improvement Commercial Property and Section 179
As we all welcome a new year, we are revisiting two prior points from the Tax Cuts and Jobs Act of 2017 (TCJA), one which is still being discussed and one not yet discussed. As part of the TCJA, Qualified Improvement Property was redefined as any improvement to an interior portion of a commercial building […]